공시 • Apr 17
Leviathan Gold Ltd. Commences First Phase of Trenching At the Foca Project, Bosnia and Herzegovina
Leviathan Gold Ltd. announced the commencement of a first phase of shallow mechanical trenching with the objective of defining near-term drill targets at the company's Foca Project, in Republika Srpska, Bosnia and Herzegovina. This program directly follows the successful completion of the first phase of an induced polarization and electrical resistivity survey at the Company's Vrela Prospect and will take place upslope from an area of very high-grade silver, lead and zinc in float samples collected by the Company in 2024. The induced polarization and electrical resistivity surveys, consisting of 1,900 metres of line data, has revealed a clear, chargeable feature approximately 75-100 metres in width across two survey lines coincident with a prominent ENE-WSW trending system of faults, itself coincident with zinc and lead anomalism in soil samples observable along a 2-kilometre trend. 2D in versions of induced polarization data from the Vrela Prospect superimposed over a plan view of the Vrela Fault System. Key targets at Foca presently include: The Vrela Prospect: records of Yugoslav-era drilling completed in 1967 present an average mineralized thickness of 15 metres at a grade of 13.25% Pb+Zn over three diamond drill holes4 at Vrela, without any Ag or Cu assay records. While original copies of historic reports have been inspected by Leviathan, the contingent drill hole logs and assays are unavailable. Leviathan cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by many material factors, many of which are beyond Leviathan's control. Such factors include, among other things: risks and uncertainties relating to whether exploration activities will result in commercially viable quantities of mineralized materials; the possibility of changes to project parameters as plans continue to be refined; the ability to execute planned exploration and future drilling programs;COVID-19; the ability to obtain qualified workers, financing, permits, approvals, and equipment in a timely manner or at all and on reasonable terms; changes in the commodity and securities markets; non-performance by contractual counterparties; and general business and economic conditions, Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Although Leviathan has attempted to identify important risks and potential potential potential mineralization, the Company has been completed in 2024. The Vrela Prospect: results of Yugoslav-era drilling completed In 1967 present an average mineralized thickness of 15 metres at a grade the grade of 13.25% pb+Zn over three drill holes at Vrel a, without any Ag or Cu test records. While original copies of historical reports have been inspected by Leviathan. While original copies of historic reported have been inspected by Leviathan, The substantial drill hole logs and assays is unavailable. Leviathan cautions that All forward looking statements are inherently uncertain, actual material factors, many of which is beyond Leviathan's control. Suchfactors include, among other things; risks and uncertainties relating to whether Exploration activities will result in commercially viable amounts of mineralized materials; the option of changes to project parameters as plan continue to be refined; The ability to obtain qualified workers, finance, permits, approvals, and Equipment in a timely manner or at All and on reasonable terms; changes In the commodity and securities markets; Non-performance by contractual counterparties, Accordingly, actual and future event, conditions and results may differ significantly from the estimates, beliefs, intention and expectations expressed or implied in The forward-looking information. Although Israel has attempted to identify important risks, and potential risks and potential potential risks and potential potential metal endowment of this highly under-explored mineralization.